Looking to diversify beyond GSGDX? The mutual funds below have the lowest correlation with GSGDX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GSGDX.
Best Diversifiers for GSGDX
0 mutual funds have low correlation with GSGDX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) (Large Cap Blend Equities) with a 1Y correlation of 0.34, up from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.34 | 0.28 | 0.24 | 79 | Large Cap Blend Equities | GSGDX vs GSPKX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.42 | 0.37 | 0.30 | 56 | Foreign Small & Mid Cap Equities | GSGDX vs GICIX | |
| Miller Intermediate Bond Fund | 0.42 | 0.36 | 0.30 | 91 | Corporate Bonds | GSGDX vs MIFIX | |
| Goldman Sachs Income Builder Fund | 0.58 | 0.58 | 0.50 | 70 | Diversified Portfolio | GSGDX vs GSBFX | |
| Goldman Sachs Short Duration Bond Fund | 0.76 | 0.76 | 0.76 | 73 | Short-Term Bond | GSGDX vs GSSRX |
See all 7 diversifiers for GSGDX
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